Invenergy
| Company type | Private |
|---|---|
| Industry | Renewable energy, Power generation |
| Founded | 2001 |
| Founder | Michael Polsky |
| Headquarters | Chicago , United States |
Area served | Americas, Europe, Asia |
Key people | Michael Polsky (Founder) |
| Products | Wind power, Solar power, Natural gas power, Energy storage |
Invenergy is a global American enterprise specializing in the development and operation of power generation projects. The company is involved in the creation, construction, ownership, and management of energy facilities throughout the Americas, Europe, and Asia, encompassing wind, solar, natural gas, and energy storage assets. It holds the distinction of being the largest privately owned renewable energy producer in North America.
To date, Invenergy has brought to fruition 190 projects with a combined capacity of 30,135 megawatts. This portfolio includes 17,600 MW of wind energy across 110 installations, 6,085 MW from 49 solar projects, 5,964 MW generated by 13 natural gas facilities, and 300 MW of energy storage systems with a total capacity of 900 megawatt-hours. These totals cover operational plants as well as those under construction or under contract.
History
Invenergy was established in 2001 by Michael Polsky following the sale of SkyGen Energy to Calpine Corporation. The company’s main office is located in Chicago. It operates additional offices across North America in Denver, Portland, Toronto, and Mexico City. Its European activities are primarily managed from Warsaw. Other international offices include locations in Tokyo, Medellín, and San Salvador.
In January 2013, Caisse de dépôt et placement du Québec (CDPQ), Quebec’s public pension fund manager, invested $500 million into Invenergy’s existing wind farm operations. By 2018, CDPQ had acquired a 52.4% economic interest in Invenergy Renewables while Invenergy maintained operational control. In early 2022, The Blackstone Group made an investment of roughly $3 billion to obtain a minority ownership stake in Invenergy.
In 2015, TerraForm Power—previously a yieldco affiliated with SunEdison—entered into an agreement to purchase wind assets from Invenergy.
In July 2017, Invenergy collaborated with GE Renewable Energy to develop the Wind Catcher Energy Project, which was planned to be the largest wind farm in the United States; however, regulatory challenges led to its cancellation in 2018.
By April 2020, Invenergy revealed intentions to initiate construction on a $200 million solar facility located in Lake County, Indiana, with completion aimed for 2022.